Accurate Wealth Management LLC Has $901,000 Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Accurate Wealth Management LLC increased its position in shares of Salesforce, Inc. (NYSE:CRM) by 39.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,123 shares of the CRM provider’s stock after buying an additional 881 shares during the quarter. Accurate Wealth Management LLC’s holdings in Salesforce were worth $901,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in Salesforce during the fourth quarter valued at approximately $51,000. RFG Advisory LLC boosted its holdings in Salesforce by 23.4% during the first quarter. RFG Advisory LLC now owns 6,438 shares of the CRM provider’s stock valued at $1,939,000 after purchasing an additional 1,220 shares in the last quarter. MJP Associates Inc. ADV acquired a new stake in Salesforce during the first quarter valued at approximately $288,000. &PARTNERS boosted its holdings in Salesforce by 229.3% during the first quarter. &PARTNERS now owns 4,330 shares of the CRM provider’s stock valued at $1,304,000 after purchasing an additional 3,015 shares in the last quarter. Finally, Unique Wealth LLC boosted its holdings in Salesforce by 135.4% during the first quarter. Unique Wealth LLC now owns 3,646 shares of the CRM provider’s stock valued at $1,098,000 after purchasing an additional 2,097 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of NYSE CRM opened at $293.07 on Friday. The firm has a market cap of $283.98 billion, a PE ratio of 52.71, a PEG ratio of 2.61 and a beta of 1.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The company has a fifty day moving average price of $266.65 and a 200 day moving average price of $263.77.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The company had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the prior year, the business posted $1.63 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts predict that Salesforce, Inc. will post 7.55 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.55%. Salesforce’s dividend payout ratio is 28.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $335.00 target price on shares of Salesforce in a research note on Thursday, August 29th. Northland Securities upgraded shares of Salesforce from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $270.00 to $400.00 in a research note on Wednesday, October 2nd. BMO Capital Markets lifted their target price on shares of Salesforce from $265.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Robert W. Baird lifted their target price on shares of Salesforce from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Citigroup lifted their target price on shares of Salesforce from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $311.66.

Insider Transactions at Salesforce

In other news, insider R David Schmaier sold 1,155 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $295,425.90. Following the sale, the insider now directly owns 20,556 shares of the company’s stock, valued at approximately $5,257,813.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total value of $1,217,454.00. Following the sale, the insider now directly owns 118,514 shares of the company’s stock, valued at approximately $34,353,653.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R David Schmaier sold 1,155 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total transaction of $295,425.90. Following the completion of the sale, the insider now directly owns 20,556 shares in the company, valued at approximately $5,257,813.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,612 shares of company stock worth $21,429,961 in the last three months. Insiders own 3.20% of the company’s stock.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.